Ill health forces Vendors to reconsider the asking price. Asking Price reduced to $550,000 +(gst if any)
No Vacancy sign is often on show here. 18 units comprising of 14 Studio, 4 One Bedrooms. Air conditioning fitted in all units, several with spa baths. Quality chattels fitted throughout. Qualmark Rated 4 star plus. The motel is established, income per unit in excess of $30,000, immaculate presentation.
24 Units Motel Complex providing excellent configuration of Studio, Executive studio, One bedroom units & two bedroom apartments, commercial kitchen licenced restaurant & bar. Restaurant meals generally for guests with potential to open to the public. Strong coporate cliential just love staying and dining at the some motel. Wellington region has a shortage of accommodation this is an opportunity to enter the hospitality trade.
This is a Great Opportunity Freehold Going Concern: 13 ground level units 3 Bedroom home. Vendors completely restored throughout. Located in the CBD of Dannevrike State Highway 2. The motel is a consistent income earner enjoys a high occupancy. 2019 income exceeding $24,000 ex gst per unit. With future looking very sound with large public works about to commence.
Immaculately presented modern 18 unit motel business. 4 Bedroom home internal access garage.This is an easy to manage complex all units at ground level. Units consist of 12 Studio, 4 One bedroom & 2 Two bedroom units, 7 units with spa baths, Quality chattels fitted throughout. Just buy and count the cash.
Recently Refurbished throughout
Strong forward bookings: 17 units plus spacious3 bedroom home. Commercial sized kitchen, separate laundry all ground level easy to manage. Vendors have invested heavily into their business, your oportunity to capitalize on there work and expenditure. Buyers looking for a motel business ready to be lifted to the next level this is the motel for you.
Vendor has placed the property on the market to retire:
Live at home run your own business 6 ground level units detached 2 Bedroom home, established clent base easly managed by one person while your spouse works off site. All chattels owned 4 channells SKY, plenty of potential with this complex. The complex may lend to an alternative use.
SOLD BY McCrae
20 Units of Executive Accommodation in Central City
After 10 years of ownership, the owner wishes to sell their business. They have maintained the property to a very high standard of presentation with 20 units comprising 9 Studio, 7 One Bedroom and 4 Two bedroom units + Conference Venue is in constant demand from Govt Departments. Inlcudes a 4 Bedroom family home with living rooms at ground level. Separate motel kitchen & Laundry. All chattels owned. 25 years on the Lease. High Speed Internet, Sky T.V.
Motor Lodge for sale located on a main thoroughfare into Palmerston North. Ideal family business handy to Primary, Intermediate, Secondary Schools. 14 Ground level units, configuration of Studio, 1 & 2 Bedroom units, 3 Bedroom comfortable family home, private courtyard off living rooms. For buyers looking for a motel with potential, this is the motel business for you.
Buyers looking for a larger motel complex with 30 year lease this is for you.
26 Unit motel complex + Squash court, guests just love early morning work out in the fully equipped Gym. All units ground level providing the comforts of home. Vendors providing a new 30 year lease, 3 Bedroom family home handy to schools. Situated in a quite location in central city. Palmerston North is a go ahead city with large amounts of development under construction or about to be commenced.
Mana Motel Paremata: 17 units established client base, excellent unit configuration 6 Studio, 6 One Bedroom, 4 Two Bedroom & 1 Three Bedroom unit 4 Bedroon home living area ground level opens onto a private courtyard ideal to relax away from the business. With all the redevelopment under construction in the area, there's a strong demand for accommodation which this motel can provide the future looks bright.
Most motels in New Zealand operate by way of a lease. As you may already know, it is a rewarding and interesting lifestyle. A leasehold is the lease of the motel land and buildings and a leasee is buying motel chattels, the business goodwill, business lease and the right to operate as a motel for a set period of time.